Taiwan Semiconductor Manufacturing Company doesn't make AI applications but it is still vital in bringing them to life.
TSMC (TSM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Last week, Nvidia Corporation (NASDAQ: NVDA) reported staggering third-quarter results. Despite its reliance on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Nvidia’s Data Center division drove this impressive growth, allowing the company to outshine its competitors, including TSMC, as well as Intel (NASDAQ: INTC), and Advanced Micro Devices, Inc. (NASDAQ: AMD). But, shares slumped upon news that Nvidia is delaying the launch of its new AI chip for China, touted as the most pow